In most of the times, the one involved in house flipping is not the original owner but renovations are mostly done by the original owner. Major differences between renovation and house flipping If the house is in a habitable condition, cosmetic renovations that are focused more to add beauty on the house are important and adds more value compared to structural renovations. In order to make some good money, there are renovations that are required in the house they may be cosmetic or structural depending on the state of the house. The house flippers are those people who buy houses with an intention of reselling them within the shortest time possible for a profit. Realtors are the agents who act as a link between the buyer and the seller, their reward is the commission. Majority of the people who make money through real estate are the realtors and the house flippers. A slight change in the economy can translate to big losses or gains depending on the type of shift in the economy. Real estate business is a great way to make money but the market is also volatile considering that it requires a huge investment.
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